The new carbon tax is expected to generate $30-40 billion in revenues by 2030, approximately $10 billion annually. However, climate experts warn the agreement falls short of ambition, projecting ...

In a landmark decision, India joined 62 other countries in voting in favour of the world's first-ever global carbon tax on the shipping industry. The decision was made during a recent meeting of ...

What You Need To Know Many of the world's largest shipping nations decided on Friday to impose a minimum tax of $100 for every ton of carbon dioxide emitted by ships, if their planet-heating ...

Many environmental groups and island countries — which are more vulnerable to climate-driven sea level rise — had hoped that the IMO would implement a straightforward tax on all shipping ...

This unprecedented move comes as part of the IMO's Net-Zero Framework under MARPOL Annex VI, marking the first time the shipping sector - responsible for nearly 3 percent of global emissions ...

This study asked people how they’d feel about a global carbon tax: The larger an individual’s contribution to climate change, the more they’d pay. In exchange, everyone in the world would ...